M&A Deal Summary

Beable Acquires Readorium

On June 9, 2022, Beable acquired education company Readorium

Acquisition Highlights
  • This is Beable’s 1st transaction in the Education sector.
  • This is Beable’s 1st transaction in the United States.
  • This is Beable’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2022-06-09
Target Readorium
Sector Education
Buyer(s) Beable
Deal Type Add-on Acquisition

Target

Readorium

Teaneck, New Jersey, United States
Readorium is a transformative, reading comprehension program that adapts to students reading comprehension needs automatically through formative assessments that are embedded within the program. The company focuses on science content because it is the hardest nut to crack for many students. It assumes zero background knowledge in order for students to build their general scientific understanding. Each book comes with a book mentor and numerous embedded informational videos. The mentor models the thought processes that are required to comprehend the context of each book. Readorium is based in Teaneck, New Jersey.

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Buyer(S) 1

Buyer

Beable

Lakewood, New Jersey, United States

Category Company
Founded 2020
Sector Education
DESCRIPTION

Beable is an online Literacy Recovery Platform for grades 2-12 that was created and ‘battle tested’ at the height of Covid. By cultivating the whole child, the platform creates adaptive pathways for each learner that encompass social-emotional needs, career exploration, and academic rigor. The company automatically pushes grade-level content at each student’s reading level, together with targeted scaffolds and self-selected readings, for independent work in and outside the classroom. Students get the optimal time on task for improving reading and building skills, with as little or as much direct teacher involvement as needed. It drives literacy recovery at 5X expected gains with kids empowered to envision – and realize – their future possible selves. Beable was formed in 2020 and is based in Lakewood, New Jersey.


DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1